The latest funding comes from the bank’s largest investor and will be “used to increase loan book and develop new products for SMEs.” Digital SME lender and savings provider Recognise Bank has conditionally “raised a further £25 million in investment from its group’s largest shareholder.”… Read More
Read more in: Fintech, Global | Tagged Commercial Lending, digitalization, europe, lending, recognise bank, small businesses, sme's, uk, united kingdom
Recognise Bank, the Fintech powered business lender and savings provider, has teamed up with TruNarrative, a LexisNexis® Risk Solutions company, in order “to completely transform the onboarding process for its SME business lending customers.” The Bank, which received its full authorization in September 2021, is… Read More
Read more in: Fintech | Tagged banking, bryce glover, customer onboarding, digital financial services, digital onboarding, financial services, fintech adoption, fintech trends, lexisnexis, lexisnexis risk solutions, mo fadaei, recognise bank, small businesses, smbs, sme's, trunarrative
Newly-introduced SME bank, Recognise Bank, reveals that it has acquired £14 million in funding, which includes a recent investment from one of its existing shareholders. The capital injection means that Recognise Bank has now satisfied the financial requirements established by the PRA (Prudential Regulation Authority),… Read More
Read more in: Fintech, General News, Global, Politics, Legal & Regulation | Tagged banking, bryce glover, business banking, financial services, investment round, jason oakley, pra, prudential regulatory authority, recognise bank, small businesses, smbs, sme's, uk, united kingdom
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